Davidson Plan, Carriages at Chatham ParkPittsboroNC27312
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Pittsboro at Davidson Plan, Carriages at Chatham Park, Pittsboro, NC, 27312 priced at $401,990 converts $2,874/mo rent into $424/mo cash flow after a $1,968/mo obligation. Total monthly income equals $2,874/mo, and annual cash flow totals $5,083/yr on $133,260 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 8.58% against a $401,990 entry. Equity gained on principal adds $2,594/yr, while 5% annual appreciation compiles into $111,062 by year five. Five-year ROI reaches 123.18% and total cumulative return in cash sums $164,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,874/mo property income covering a $1,968/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Listed by: Rita Hatzimimis • Tri Pointe Homes
Mls Name: TRI Pointe Homes
Mls Provider:
Mls ID: #N/A